Ted Kakambouras Of Welcome Group Acquires Industrial Building From Blackstone In Charlotte For $40.5M | 3700 Display Drive | Industrial | Sale

Summary

Sale

NORTH CAROLINA

Industrial

465,323 sqft

The industrial property at 3700 Display Drive in Charlotte, NC, spanning 465,323 square feet, was sold for $40.5 million. The transaction involved Welcome Group purchasing the asset from an affiliate of Blackstone.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $40,500,000
Buyer: Ted Kakambouras - Welcome Group
Seller: Affiliate of Blackstone
Address: 3700 Display Drive
Market: Charlotte, NC
Price per Square Foot: $87

Welcome Group, a Houston-based real estate company, led by Ted Kakambouras, completed the acquisition of the industrial property. The sale was made possible through the selling entity, affiliated with Blackstone, concluding the transaction in Charlotte, NC.

Details

Deal Summary

SOLD

IMAGE: Ted Kakambouras DATE: 02/23/2024 ADDRESS: 3700 Display Drive MARKET: Charlotte, NC ASSET TYPE: Industrial BUYER: Ted Kakambouras - Welcome Group SELLER: Affiliate of Blackstone SALE PRICE: $40,500,000 SF: 465,323 ~ PPSF: $87 NOTE: Welcome Group, a Houston-based real estate company, has acquired a 465,323-square-foot industrial building at 3700 Display Drive in southwest Charlotte for $40.5 million from an entity affiliated with Blackstone companies.

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Address3700 Display Drive

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